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eTukTuk is one of the most trending cryptocurrencies of this month. The project just entered the market after more than five years of being in development.
The reception has been enthusiastic, with investors flocking to the TUK presale that is now live for discounted prices. For a limited period of time, early investors will be able to buy TUK tokens before they make their way to public crypto exchanges.
According to market analysts, TUK has the potential to pump similar to established cryptocurrencies like BTC, ETH, and XRP. The project’s high market relevance and growth potential are to thank.
eTukTuk is bringing high-end public EV (electric vehicles) infrastructure to EV economies in the coming months, starting off its journey in Sri Lanka.
📢📢 Exciting news! 📢📢
The most awaited $TUK token Pre-sale is now live for our community.
We will be opening this for the general public soon.
Head over to https://t.co/GvuDgRNJUD and be a part of the future of transportation. pic.twitter.com/uvjLCQYYWl
— TUK Token (@TukToken) August 1, 2023
Why Developing Economies?
Developing economies need EVs as much as developed economies. But most EV brands focus on developed economies since they come with a heavy price tag and most people living in developing nations can’t afford them.
Even if they could, the EV infrastructure in these countries is poor. That makes these markets challenging for EV brands. As a result, they confine their target market to people living in developed economies.
The key objective of EVs is to help reduce the carbon footprint in the world. They allow more people to transition their mode of transport from carbon-intensive vehicles. Electricity, being a greener alternative, is also cost-effective when compared to petrol and diesel.
We can’t solve the climate crisis if the EV market is limited to developed economies. They should be able to access greener and more affordable means of transport too.
This is where eTukTuk comes in.
1/ eTukTuk 🤝 BNB Chain
A Thread 🧵 pic.twitter.com/1HdaZJMI5K
— TUK Token (@TukToken) September 11, 2023
At the Forefront of the Game
eTukTuks are electrically powered TukTuks.
TukTuks are public taxis. By going for TukTuks, the project’s goal is to penetrate the mainstream population in developing economies. Since most people rely on public vehicles like TukTuks in these countries, it proves to be an efficient strategy.
After five years of development, eTukTuk is ready to lay new standards in electric vehicle (EV) production. For example, eTukTuks are meticulously engineered, boasting a streamlined design with fewer than 200 components. The unfussy design allows for local manufacturing, thereby reducing the initial capital investment made by drivers.
The incorporation of patented roll cage designs and LFP batteries underscores its safety features, which surpass traditional Tuk Tuks. Being scalable, eTukTuk is planning to capture a significant market share in the years ahead.
Cutting-edge AI solutions have also been integrated into eTukTuk’s infrastructure, thus allowing for better driver efficiency, route optimization, efficient battery consumption, and accurate prediction of recharging schedule.
All of these new features revolutionize the way drivers operate and manage their vehicles in developing economies.
Empowering the Local Economy
The promise of a greener environment is not strong enough to onboard more drivers and users to eTukTuk. There should be other benefits. Especially in the financial context.
eTukTuk has factored in that judiciously. It is envisioning a peer-to-peer economy that can run on its own without external interference. All operations in the network will be overseen by a blockchain smart contract, without leaving any room for errors, manipulations, fraud, or scams.
This is how it works.
Each participant in the eTukTuk economy plays an important role in running the system smoothly. In exchange, they are rewarded in TUK tokens, the native crypto of the token.
Most developing nations lack robust charging infrastructure. eTukTuk is planning to nurture an efficient public EV infrastructure in these countries. For this, it will join forces with Territory Partners who will be entrusted with the task of setting up and running the charging stations.
Every time a driver charges their eTukTuk from a charging station, he makes the payment in TUK tokens. Territory Partners are rewarded in exchange for their efforts in TUK tokens too. Another integral part of the network is Power Stakers, who ensure the safety of the network in exchange for staking rewards.
Since all parties involved are compensated, the system proves to be self-sufficient. Local drivers, in particular, benefit from a significant boost in their income up to 400% by opting for eTukTuks. Not only is the fuel cost substantially low, but the maintenance cost will also prove to be easy on the pocket in the long run.
Will TUK Pump Like XRP?
It’s too early to say.
But TUK is a much better investment than XRP at this point. Being one of the most promising cryptocurrencies to enter the market this year, TUK has high growth potential. If 50-100% is the best that XRP can aim for in a year, TUK has the potential to jump anywhere from 1500% to 2000% in a year. And that’s a modest prediction, given the high market relevance of the project, comparable to Tesla in developing nations.
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